M&A Update – Sept 25

– FSFG to be acquired by FRME for 0.85x shares, 21.4% premium, $241.3 million
– STEP.to announced unsolicited proposal from ARC Financial Corp. at $5.50 cash per share, 29.1% premium
– VRNA shareholders approved MRK merger, closing Oct 7
– BBU / BBUC dual share class conversion
– GCG/a.to / Desjardins Group filed management information circular, vote Oct 23, closing H1 2026
– DRR/u.to / Morgan Properties, LP filed management information circular, vote Oct 16, closing late 2025
– DAY / Thoma Bravo filed Competition Canada
– INFA / CRM cleared Competition Canada
– TASK / Blackstone / TaskUs Co-Founders postponed vote to Oct 8